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5342 Harmony Ave

14,100 SF Industrial Building North Hollywood, CA 91601 $4,000,000 ($284/SF)

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Investment Highlights

14,100 Square Feet of Industrial Space on a 35,284 Square Foot Lot.
Property will be Delivered Vacant, Offering Flexibility for Occupancy, Repositioning, or Redevelopment.
Surrounded by an Affluent Demographic, with an Average Household Income of $118,273 within a 5-Mile Radius, and Serving a Population Exceeding 560,000

Two Metal Frame Buildings with One Dock-High Loading Area, Two Drive-Ins, and High Ceilings of Approximately 18 Feet.
Eligible for SBA Financing with Low Down Payment Options (10-15%) and Tax Benefits.
Equipped with 3 Phase – 750+ AMPS Power Supply (Buyer to Verify)

Executive Summary

The Ovaness-Rostamian Group of Marcus & Millichap is excited to offer an exclusive investment opportunity with significant redevelopment potential at 5342 Harmony Avenue, North Hollywood, CA. This property, located in one of Los Angeles’ most desirable locales, encompasses 14,100 square feet of industrial space on a generous 35,284 square foot lot.
Property Features:
Infrastructure: Two metal frame buildings, 1 dock high loading, 2 Drive-Ins 12’ x 16’, expansive outdoor storage, and high ceilings of approximately 18 feet.
Power: 3 Phase – 750+ AMPS (Buyer to Verify)
Zoning: The site falls under Restricted Industrial Zoning (MR1) within a Tier 3 Transit Oriented Community (TOC), which potentially supports high-density residential redevelopment. For detailed zoning insights, please consult with the listing agent.
The property will be delivered vacant, affording the new owner the opportunity to either occupy, reposition, or redevelop the site to capitalize on its strategic zoning. For owner-users, financing through the Small Business Administration (SBA) could make ownership more financially viable than leasing, especially with the low-down payment requirements (10-15%) and the fiscal benefits of real estate ownership.

5342_Harmony_Ave_OM_R

Property Facts

Price	$4,000,000	No. Stories	1
Price Per SF	$284	Year Built	1975
Sale Type	Investment or Owner User	Tenancy	Single
Sale Conditions	1031 Exchange Redevelopment Project	Parking Ratio	0.57/1,000 SF
Property Type	Industrial	Clear Ceiling Height	18 FT
Property Subtype	Warehouse Flex Light Manufacturing FlexLight Distribution	No. Dock-High Doors/Loading	1
Building Class	B	No. Drive In / Grade-Level Doors	2
Lot Size	0.81 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Rentable Building Area	14,100 SF

Price	$4,000,000
Price Per SF	$284
Sale Type	Investment or Owner User
Sale Conditions	1031 Exchange Redevelopment Project
Property Type	Industrial
Property Subtype	Warehouse Flex Light Manufacturing FlexLight Distribution
Building Class	B
Lot Size	0.81 AC
Rentable Building Area	14,100 SF
No. Stories	1
Year Built	1975
Tenancy	Single
Parking Ratio	0.57/1,000 SF
Clear Ceiling Height	18 FT
No. Dock-High Doors/Loading	1
No. Drive In / Grade-Level Doors	2
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Storage Space

PROPERTY TAXES

Parcel Number	2416-011-020	Improvements Assessment	$261,413
Land Assessment	$153,154	Total Assessment	$414,567

PROPERTY TAXES

Parcel Number

2416-011-020

Land Assessment

$153,154

Improvements Assessment

$261,413

Total Assessment

$414,567

zoning

Zoning Code	LAMR1 (Restricted Industrial Zoning (MR1) within a Tier 3 Transit Oriented Community (TOC), which potentially supports high-density residential development)
LAMR1 (Restricted Industrial Zoning (MR1) within a Tier 3 Transit Oriented Community (TOC), which potentially supports high-density residential development)